Frontage Holdings (HKSE:01521) Days Payable : 23.78 (As of Dec. 2023)

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What is Frontage Holdings Days Payable?

Frontage Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$94 Mil. Frontage Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$719 Mil. Hence, Frontage Holdings's Days Payable for the six months ended in Dec. 2023 was 23.78.

The historical rank and industry rank for Frontage Holdings's Days Payable or its related term are showing as below:

HKSE:01521' s Days Payable Range Over the Past 10 Years
Min: 15.94 Med: 24.51 Max: 29.18
Current: 23.41

During the past 8 years, Frontage Holdings's highest Days Payable was 29.18. The lowest was 15.94. And the median was 24.51.

HKSE:01521's Days Payable is ranked worse than
88.47% of 720 companies
in the Biotechnology industry
Industry Median: 147.17 vs HKSE:01521: 23.41

Frontage Holdings's Days Payable declined from Dec. 2022 (24.13) to Dec. 2023 (23.78). It may suggest that Frontage Holdings accelerated paying its suppliers.

Frontage Holdings Days Payable Historical Data

The historical data trend for Frontage Holdings's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Frontage Holdings Days Payable Chart

Frontage Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.90

26.25

29.18

25.46

23.71

Frontage Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									28.73	28.27	24.13	22.75	23.78

Competitive Comparison of Frontage Holdings's Days Payable

For the Biotechnology subindustry, Frontage Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Frontage Holdings's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Frontage Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Frontage Holdings's Days Payable falls into.

Frontage Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Frontage Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (85.639	+	98.513)	/	2 )	/	1417.175	*	365
=	92.076					/	1417.175	*	365
=	23.71

Frontage Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (88.905	+	98.513)	/	2 )	/	719.228	*	365 / 2
=	93.709					/	719.228	*	365 / 2
=	23.78

Frontage Holdings Days Payable Related Terms

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Frontage Holdings (HKSE:01521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Frontage Holdings Corp (HKSE:01521) » Definitions » Days Payable

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FGHQF:USA

Address

700 Pennsylvania Drive, Exton, PA, USA, 19341

Website

https://www.frontagelab.com

Frontage Holdings Corp is a contract research organization providing integrated, scientifically driven research, analytical and development services. Geographically the group operates in both PRC and North America. The services provided in the North American segment, include Bioanalytical, CMC, DMPK and Safety and Toxicology services in the USA and Canada. The service offered in PRC includes Bioanalytical, Bioequivalence and CMC services in the PRC. Further, it also provides bioanalytical services, which are offered throughout the drug discovery and development process both in the United States and China.

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